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Foreigner claims trial
A foreigner pleaded not guilty in a Sessions Court yesterday to having two forged travellers cheques.
Stability from sound economic measures
IT IS gratifying to note that the International Monetary Fund has once again commended Malaysia for its economic and financial reforms to fight the Asian financial crisis.
Stability from sound economic measures
IT IS gratifying to note that the International Monetary Fund has once again commended Malaysia for its economic and financial reforms to fight the Asian financial crisis.
Hong Leong Bank adds two currencies to student forex
Hong Leong Bank Bhd has recently added the euro and Singapore dollar to the Hong Leong Student Forex Rates.
Aussie dollar soars to 40-month high against US dollar
THE Aussie dollar leapt to a 40-month high of 65.69 US cents against the US dollar, thanks to rising pressure on the greenback following US Treasury Secretary John Snow's comment that the long-standing strong dollar policy did not imply any view about the exchange rate.
Euro strengthens further as ECB keeps rates steady
THE euro strengthened further against other major currencies yesterday as investment money poured into euro deposits following the European Central Bank's (ECB) decision to leave interest rates unchanged at 2.5%.
June rate cut expectations pressure the US dollar
RISING expectations of a cut in US interest rates next month, following the Federal Reserves' warning of a possible weakening in the US economy, have exerted further pressure on the US dollar.
UOB first-quarter earnings fall 11% on higher provisions
United Overseas Bank Ltd (UOB) reported yesterday an 11% fall in first-quarter earnings after it put aside more provisions for possible bad loans.
Bank stocks may stay in favour
SELECT banking stocks with good asset quality and good dividend yield are expected to remain on investors#039; buying lists despite the current weak market conditions.
TNB net profit for 1st half down to RM706mil on forex losses
TENAGA Nasional Bhd (TNB) has posted a net profit of RM706mil for its fiscal 1st half to end-February, down 47% from RM1.3bil in the same period a year earlier. However, revenue came in higher at RM8bil compared with RM7.5bil previously.
